Actor Nicolas Cage knocks millions off the price of his Los Angeles mansion

[Nicholas Wallwork]

It would seem that even the very rich are having a tough time*selling their properties with actor Nicolas Cage wiping*millions off the asking prices of one his luxury pieces of*real estate.

The award winning actor has recently sold his mansion in*Bath, England, for a reported £4 million but his Bel-Air Tudor*house in Los Angeles is proving harder to shift. The property,*which he bought for around $7 million in 1998 has been on the*market at $35 million, was reduced to $17.5 million and is now*listed as seeking offers of a minimum of $9.95 million, a*bargain for those with the right finance in place.

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[jollivee]

Who can afford to buy a mansion that expensive during this time of crisis? It's a good thing that he slashed off millions from the original price of his mansion.